In the sell, box type the price on which you want to sell, look at the order book you can lower the price to sell coins immediately. If SOL/BUSD is not available, you can click on SOL/USDT, SOL/BTC, SOL/ETH, and continue the steps, after return and do the same steps to exchange USDT, BTC, ETH, BNB to BUSD. Now in the search box write SOL and click on SOL/BUSD Now we will need to choose a network, it should match the withdrawal network from where you are making the deposit.Īfter this steps it will show deposit address, which you can copy by clicking on copy iconīinance supports the withdrawal of BUSD as USD, so you will need to convert SOL to BUSD to transfer it to a bank account.Īfter SOL arrived, click on "Trade -> Spot" In the search box enter SOL, and click on it on the bottom box Now it's time to select the coin which we want to deposit Once you’re logged in, the first thing you’ll need is to deposit SOL from your wallet, click on Binance "Fiat and Spot" The token allows like many cryptos to pay for transactions and interactions on its blockchain.How to convert Solana to USD step by step guideįirst, you need to create an account, use this link, or log in if you already have one.If you created an account you would need to go through the KYC process, to verify the account. Indeed, we are at the beginning of a bubbling ecosystem and unlike other projects, it is difficult to project with Solana beyond what it does currently. On the other hand, we can note the lack of transparency of information on the project roadmap. By breaking down data into fragments before sending them, Turbine greatly improves the speed of transaction processing and solves bandwidth problems. Turbine: A protocol for reducing block propagation. It is notably through this technology that Solana is able to process 50,000 transactions per second. Tower BFT (Byzantine Fault Tolerance): Algorithmic solution that radically reduces block validation times Gulf Stream: Protocol for routing transactions on the network. Three major innovations allow Solana Labs to offer a high performance technology: Quite simply, Solana aims to become the default option for all Dapps. The number of transactions carried out can reach the theoretical number of 50,000 per second against an average of 15 per second for Ethereum. The mechanism applied is the "Proof of history" and is coupled with the "Proof-of-Stake" allowing to create an uninterrupted chain of transactions in a clear and precise order. Solana hosts decentralized finance projects (DeFi) but also auction platforms for NFT (Non fungible token), among others. Developed by American engineers from large American companies such as Google, Microsoft and Apple, the Solana blockchain aims to compete directly with Ethereum by offering speed and efficiency to solve the scalability problems of current blockchains. The ultra-fast blockchain: after three years of development, Solana is officially launched in 2020.
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